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Credit Risk
BSP to Enhance Bank Reporting of Credit, Equity Exposures
By Editors | 31/12/2021
Banks will pilot test the new submissions from February until May 2022, using data from the 30 June 2021 reporting period.
Payments & Settlements
HKMA Endorses Proposal to Better Protect Mortgage Borrowers
By Editors | 31/12/2021
The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.
Resolution & Recovery
HKMA Issues Guidance on Compliance with ‘Stay Rules’
By Editors | 30/12/2021
The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.
Liquidity Risk
CBIRC Finalises Liquidity Management Rules for WMPs
By Darien Choong | 30/12/2021
The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.
Trading & Investment
MAS Unveils Initiatives to Open Access to China ETFs, Bonds
By Editors | 29/12/2021
SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.
Emerging Prudential Risks
FSC Korea Sets Out Work Programme for 2022
By Mark Johnston | 29/12/2021
The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC’s rules on network security.
Cybersecurity
Taiwan FSC Raises Cybersecurity Expectations in Capital Market
By Darien Choong | 28/12/2021
Securities and futures companies have to disclose more information on cyber incidents. Listed companies have to strengthen cybersecurity management.
Cybersecurity
CBSL Issues Technology Risk Management Rules for Banks
By Duruthu E Chandrasekera | 28/12/2021
The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
Capital Adequacy
HKMA Removes Bank of East Asia from D-SIBs List
By Editors | 28/12/2021
The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.
Emerging Prudential Risks
BOK to End Corporate Bond Purchase Scheme at Year-end
By Editors | 28/12/2021
The BOK said it will remain ready to resume the programme in the event that market conditions worsen in future.
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